Halcon Resources Corporation (NYSE:HK) major shareholder Franklin Resources Inc sold 515,893 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $6.44, for a total transaction of $3,322,350.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Franklin Resources Inc also recently made the following trade(s):

  • On Monday, September 18th, Franklin Resources Inc sold 380,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.38, for a total transaction of $2,424,400.00.
  • On Tuesday, September 19th, Franklin Resources Inc sold 484,429 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.36, for a total transaction of $3,080,968.44.
  • On Friday, September 15th, Franklin Resources Inc sold 830,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.43, for a total transaction of $5,336,900.00.
  • On Wednesday, September 13th, Franklin Resources Inc sold 425,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.60, for a total transaction of $2,805,000.00.
  • On Tuesday, September 12th, Franklin Resources Inc sold 709,998 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.14, for a total transaction of $4,359,387.72.
  • On Wednesday, August 23rd, Franklin Resources Inc sold 423,000 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.11, for a total transaction of $2,584,530.00.
  • On Monday, August 21st, Franklin Resources Inc sold 276,900 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total transaction of $1,697,397.00.
  • On Wednesday, August 16th, Franklin Resources Inc sold 284,799 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.10, for a total transaction of $1,737,273.90.
  • On Thursday, August 17th, Franklin Resources Inc sold 494,899 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.15, for a total transaction of $3,043,628.85.
  • On Tuesday, August 15th, Franklin Resources Inc sold 305,201 shares of Halcon Resources Corporation stock. The shares were sold at an average price of $6.13, for a total transaction of $1,870,882.13.

Halcon Resources Corporation (NYSE:HK) opened at 6.42 on Monday. Halcon Resources Corporation has a one year low of $3.69 and a one year high of $11.29. The company has a 50 day moving average of $6.19 and a 200-day moving average of $6.38. The company has a market cap of $921.55 million, a P/E ratio of 1.51 and a beta of 3.95.

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Several research firms have commented on HK. Imperial Capital began coverage on shares of Halcon Resources Corporation in a report on Tuesday, August 1st. They set an “outperform” rating and a $9.00 price objective for the company. Roth Capital set a $14.00 price objective on shares of Halcon Resources Corporation and gave the company a “buy” rating in a report on Saturday, June 3rd. Barclays PLC raised shares of Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $5.00 to $8.00 in a report on Thursday, July 13th. Zacks Investment Research downgraded shares of Halcon Resources Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Halcon Resources Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Halcon Resources Corporation has a consensus rating of “Hold” and an average price target of $9.41.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Clinton Group Inc. acquired a new position in Halcon Resources Corporation during the first quarter worth about $119,000. Voya Investment Management LLC acquired a new position in Halcon Resources Corporation during the second quarter worth about $121,000. Cubist Systematic Strategies LLC boosted its position in Halcon Resources Corporation by 107.1% during the second quarter. Cubist Systematic Strategies LLC now owns 28,744 shares of the energy company’s stock worth $130,000 after acquiring an additional 14,864 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Halcon Resources Corporation during the first quarter worth about $140,000. Finally, Nationwide Fund Advisors acquired a new position in Halcon Resources Corporation during the second quarter worth about $160,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

About Halcon Resources Corporation

Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.

Insider Buying and Selling by Quarter for Halcon Resources Corporation (NYSE:HK)

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